MESSRS N.A. INDUSTRIES versus MESSRS ALPHA INSURANCE CO. LTD.
Section 3C (4) [as inserted by the Insurance (Amendment) Act (XXVII of 1958]] The submission of a premium requirement for payment of premium is not restricted to cash payments at the time of policy issuance but Section 3C (4) The conditions laid down in section pursuant to the Insurance Act, 1938, shall be complied with, and one of the conditions was that the guarantee of such payment is a valid condition of the execution of the guarantee of the contract or such The guaranteed tendering method was not specified. And the parties themselves were left open to the default transaction according to their satisfaction; in the present case, the insurance company accepted the issuance of guarantee in the form of premium paid in three episodes, I had realized on check before. At the time of the issuance of the cover note and immediately after and the remaining two checks provided sufficient guarantee to recover the balance amount of the premium checks issued, which was sufficient to pay for the contract on which the insurance company was satisfied. Done and a cover note was issued
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